Since Oklahoma’s online system went live Saturday, the state already has received roughly 800 medical cannabis business applications to enter the potential $100 million-plus market.
According to state officials, as of Monday morning the following number of applications for licenses had been submitted:
- 389 growers
- 118 processors
- 288 dispensaries
In June, voters approved a statewide ballot measure legalizing medical marijuana.
The initiative called for applications to be available by July 26 and for the state to start accepting them Aug. 26.
The state hasn’t missed a beat on those deadlines, despite a swirl of controversy and back-and-forth on emergency rules that would govern what experts say is an environment primed for good business opportunities for MJ entrepreneurs.
Oklahoma collected $1.5 million in application fees on Saturday alone, according to health department spokesman Tony Sellars.
– Associated Press and Marijuana Business Daily